PISCATAWAY, NJ [April 15, 2026] – NAI DiLeo-Bram & Co. (NAIDB) has closed the sale of 281 Centennial Avenue, a 41,309-square-foot industrial facility in Piscataway. The sale price was $10.5 million.
The NAIDB brokerage team of Principal Robert J. DiLeo, Vice President Kyle Gerace and Associate Vice President Robert V. DiLeo represented the seller, Binsky & Snyder in the transaction and the buyer, Eastern Lift Truck Co., Inc. directly.
Located in the Centennial Avenue business corridor, 281 Centennial Avenue offers high-utility features sought by modern industrial users. The acquisition allows Eastern Lift Truck Co., Inc. to secure a well-maintained asset in a region characterized by high barriers to entry.
“This transaction underscores the continued demand for industrial assets in the Piscataway market,” said Robert V. DiLeo. “The property’s location and functional layout made it a desirable acquisition for Eastern Lift Truck Co. as they expand their footprint. Our targeted marketing strategy generated strong interest from a broad group of qualified buyers, allowing us to deliver an optimal result for our client.”
Piscataway remains a cornerstone of the New Jersey industrial market, benefiting from its proximity to major distribution arteries, including I-287, the New Jersey Turnpike and the Port Newark-Elizabeth Marine Terminal. The sale of 281 Centennial Avenue exemplifies the ongoing demand for mid-sized industrial properties that offer easy access throughout New Jersey and the region.
This latest industrial property sale reflects NAIDB’s comprehensive reach within this diverse sector. The firm continues to demonstrate its proficiency in executing trades across a wide asset spectrum, from spaces for local service providers to large-scale distribution centers.
Based in Woodbridge, New Jersey, NAIDB is a member of NAI Global, a leading global commercial real estate advisor with over 325 offices and 5,800 professionals. NAI Global completes more than $20B in worldwide commercial real estate transactions annually. Leveraging the powerful support of the NAI Global platform, NAIDB offers a full suite of commercial real estate services, combining the personalized service and local knowledge of a boutique firm with the resources of a global company.
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